WCME Fees and Costs — First Trust WCM Developing World Equity ETF
Data updated: 2026-08-21
The net expense ratio is 0.95%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.1085% of average net assets, and portfolio turnover was 62%.
WCME Fees and Expenses
Annual operating expenses and sales charges of WCME. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
WCME Costs Over Time
On $10,000 invested in WCME, assuming 5% a year before costs, total costs come to $661 over 5 years, cutting the return by 1.11% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $11 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $661 |
| Value after costs | $10,389 | $11,213 | $12,101 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
WCME Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1085%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $9.3M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
WCME Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 59.59% |
| GOLDMAN SACHS & CO. LLC | $3K | 30.11% |
| BOFA SECURITIES, INC. | $956 | 10.29% |
WCME Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.1M | 54.72% |
| CitiGroup Global Markets Inc. | $2.4M | 26.15% |
| GOLDMAN SACHS & CO. LLC | $1.8M | 19.13% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.